SB1799 EngrossedLRB102 14493 AWJ 19846 b

1    AN ACT concerning local government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Township Code is amended by changing
5Section 85-65 as follows:
 
6    (60 ILCS 1/85-65)
7    Sec. 85-65. Accumulation of funds. Township funds,
8including, but not limited to, general assistance funds and
9excluding the township's capital fund, shall not exceed an
10amount equal to or greater than 2.5 times the annual average
11expenditure of the previous 3 fiscal years.
12(Source: P.A. 100-474, eff. 9-8-17.)
 
13    Section 99. Effective date. This Act takes effect upon
14becoming law.